Remove Divestment Remove Supply Chain Remove Sustainable Investment
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ESG funds pouring millions into meat company linked to Brazil deforestation

Corporate Knights

Funds marketed as environmentally friendly are being used by major asset managers to funnel millions of dollars to the world’s largest meatpacker, JBS, a company notorious for its links to deforestation and human rights abuses via its supply chain. JBS is widely regarded as an ESG pariah.

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ESG Explainer: Modern Slavery in the Supply Chain

Chris Hall

The impact of human rights abuses in portfolio companies and their supply chains is becoming more apparent to investors. Martin Buttle, Head of Good Work at NGO ShareAction says, given the estimates, “there is a very real chance that victims are present in the global supply chains” of investee companies.

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ESG Today: Week in Review

ESG Today

Florida Bans ESG Investing in $228 Billion State Pension Funds. Texas Places BlackRock, Credit Suisse & UBS on Divestment List for “Boycotting” Fossil Fuel Companies in Anti-ESG Backlash. Canada Signs EV and Battery Supply Chain Agreements with Volkswagen, Mercedes-Benz. ESG Investing. Sustainable Finance.

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ESG Today: Week in Review

ESG Today

Million to Turn Landfill Waste into Renewable Biofuels ESG Investing Texas Pulls $8.5 Billion From BlackRock Over ESG Investing BlackRock Calls Texas Decision to Divest $8.5 This week in ESG news: Texas pulls $8.5 Renewables Developer Avantus Renovare Raising $7.5

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Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

For financial institutions such as banks, insurance companies and investment managers, scope 3 emissions from supply chains and lending/investment portfolios are often more complex than for other industries. Clearly much more needs to be done to pivot towards more sustainable investment and lending practices.

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The 10 Big Things To Watch Across World’s Energy Markets in 2023

3BL Media

Sustainable Investing – Greater Scrutiny. The divestment movement will wane. Jonas Rooze, manager of sustainability and climate research. Elsewhere growth is set to stagnate – turbine orders are down as onshore wind developers continue delaying projects amid high costs and supply chain constraints.

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A Principled Stance

Chris Hall

Then we can create the trade relationships that will underpin international supply chains for these new industries.” It would also create supply chains that can support the wider economy. That doesn’t happen overnight, because just divesting and allowing another investor to purchase the asset isn’t the answer.